23 Jul 2015
Greek’s third bailout talks ready to start – Deutsche Bank
FXStreet (Edinburgh) - Analyst at Deutsche Bank Jim Reid reviews the recent Greek vote on the second package of austerity measures.
Key Quotes
“Greece has also been in focus overnight after the Greek parliament approved a second round of reform measures in another stepping stone towards a third bailout package, passing the vote with a 230 to 63 majority while support from Syriza rose slightly after 36 lawmakers failed to support the legislation, down from 39 in the first vote”.
“Speaking in the early hours this morning, Greek PM Tsipras once again reiterated that he will implement the program that he doesn’t believe in, adding that ‘conservative forces within Europe still insist on their plans to kick Greece out of the Euro’.
“The result also comes after the latest ECB decision to raise the ELA cap by €900m, keeping the pressure on Greek lenders tight”.
Key Quotes
“Greece has also been in focus overnight after the Greek parliament approved a second round of reform measures in another stepping stone towards a third bailout package, passing the vote with a 230 to 63 majority while support from Syriza rose slightly after 36 lawmakers failed to support the legislation, down from 39 in the first vote”.
“Speaking in the early hours this morning, Greek PM Tsipras once again reiterated that he will implement the program that he doesn’t believe in, adding that ‘conservative forces within Europe still insist on their plans to kick Greece out of the Euro’.
“The result also comes after the latest ECB decision to raise the ELA cap by €900m, keeping the pressure on Greek lenders tight”.